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Article: VEBA hires CIO, files federal proposals.(NEWS)
- Article from:
- Crain's Detroit Business
- Article date:
- October 26, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: BARRY BURR
The new UAW voluntary employee beneficiary association won't officially open for business until Jan. 1. But the association, with more than $37 billion in assets, is hiring staff and working on legal requirments of operation.
Eric Henry, who resigned in August as executive director and CIO of the $15.6 billion Texas Municipal Retirement System based in Austin, will lead the VEBA's investment staff as CIO.
The VEBA is expected to be based in Ann Arbor.
The association was created through agreements with General Motors Co., Ford Motor Co. and Chrysler Group L.L.C. to shift the remainder of their retiree medical care ...